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Aeroflex Divests ATES Biz - Analyst Blog

Aeroflex Holding Corp
. (
ARX
), a leading global provider of microelectric components,
recently announced the divesture of its Aeroflex Test Equipment
Services (ATES) business to Trescal Limited for approximately
$18.7 million.

ATES, a subsidiary of Aeroflex, provides calibration and
repair services of non-Aeroflex test and measurement equipment in
the U.K. ATES serves a wide range of industries such as the
aerospace, defense, communications, oil and gas as well as
medical sectors.

The divestment will enable Aeroflex to concentrate more on its
core competencies. Aeroflex primarily provides test and
measurement equipment to the wireless communications
industry.

Aeroflex manufactures various components and equipment for the
space, avionics, defense and commercial wireless communications
industries. The strategic sale is also likely to boost the
company's liquidity.

Aeroflex operates under two segments, namely Aeroflex
Microelectronic Solutions and Aeroflex Test Solutions. The
Microelectronic segment provides a broad range of
microelectronics products and is a premier provider of
high-performance, high reliability specialty products for the
commercial wireless communications and the space, avionics,
defense, medical and other markets. The Test Solutions segment
provides a broad array of specialized test and measurement
hardware as well as software products.

Aeroflex reported net revenue of $647.1 million for the fiscal
year ended Jun 30, 2013. The company reported a net loss of
$104.2 million or $1.23 per share for fiscal 2013.

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